Macrotech Developers Ltd. continued to witness a lukewarm response to its initial public offering on the second day of bidding.
Research Reports On Macrotech (Lodha) IPO
As on December 2020, the company had consolidated borrowing of Rs 18,662 crore, including secured borrowings of Rs 18,496 crore and unsecured borrowings of Rs 165 crore. Borrowings worth Rs 16,145 crore are coming up for repayment or refinance within the next one year. Its total current liabilities stood at Rs 32,860 crore as on December.
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Further, the company’s sales and gross collections from residential projects and commercial projects have declined due to disruption caused by Covid-19. In the nine months ended December, it reported a loss of Rs 270 crore.
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